Sands China grants employee share options

Sands China said in a regulatory filing that it has granted certain employees stock options. The board of directors said the employees will be able to subscribe for shares of US$0.01 each in the capital of the company. The options relate to 2,723,800 shares in the company and are valid for a period of ten years. The closing price of the stock on the day of the grant was $57.75. Macau’s casino operators, faced with rising labour costs, are looking for ways of remunerating employees that don’t push up expenses, with the granting of stock options seen as one way of offering incentives to staff.